M&A Deal Summary

Fortna Acquires MHS

On April 18, 2022, Fortna acquired machinery company MHS from Thomas H. Lee Partners and NB Private Equity Partners

Acquisition Highlights
  • This is Fortna’s 1st transaction in the Machinery sector.
  • This is Fortna’s 2nd transaction in the United States.
  • This is Fortna’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-04-18
Target MHS
Sector Machinery
Buyer(s) Fortna
Sellers(s) Thomas H. Lee Partners
NB Private Equity Partners
Deal Type Add-on Acquisition

Target

MHS

Mount Washington, Kentucky, United States
MHS is a provider of e-commerce infrastructure, enabling systems automation for top logistics and e-commerce companies in the world. MHS services its customers and the parcel industry through best-in-class turnkey engineering design services, software, and equipment. MHS was founded in 1975 and is based in Mount Washington, Kentucky.

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Buyer(S) 1

Buyer

Fortna

Atlanta, Georgia, United States
Category Company
Founded 1946
Sector Software
DESCRIPTION

Fortna is a provider of global automation and engineering services that designs, develops, and delivers powerful automated and intelligent software solutions that optimize performance, address disruption, and increase profitability. Fortna was founded in 1946 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Optricity

Research Triangle Park, North Carolina, United States

Optricity is a warehouse optimization, analysis and performance improvement software company. Optricity is based in Research Triangle Park, North Carolina.

Buy -

Seller(S) 2

SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 53 of 54
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 18 of 18
State (Kentucky) 1 of 1
Country (United States) 44 of 45
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 Carpe Data

Santa Barbara, California, United States

Carpe Data is a provider of next-generation predictive scoring and data products to property and casualty and life insurance companies. Leveraging the social web, online content, email intelligence, connected devices, and other forms of advanced and alternative data, Carpe Data’s products enable insurers to more accurately predict risk and innovate with new products to meet changing customer habits. Carpe Data was founded in 2016 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Inriver

Malmo, Sweden

Inriver empowers organizations to deliver revenue-driving product information at every touchpoint. Inriver’s Digital-first PIM enables organizations to bring compelling product stories to life for highly customized purchases, obtain actionable guidance on what influences buying decisions, and then quickly adapt to put insights into action. Inriver helps B2B and B2C organizations turn product information into strategic assets to drive revenue for over 1,600 brands and 700 customers globally. Inriver was formed in 2003 and is headquartered in Malmö, Sweden.

Buy -
SELLER

NB Private Equity Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Size Large
Type Sector Agnostic
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.

DEAL STATS #
Overall 10 of 11
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Kentucky) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Addison Group

Chicago, Illinois, United States

Addison Group delivers the expertise and talent that companies need to achieve and sustain business growth, offering a full suite of consulting services and talent solution capabilities across multiple sectors, including information technology, finance and accounting, healthcare, human resources, administrative, and digital marketing. Addison Group was formed in 1999 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Biolchim

Bologna, Italy

Biolchim is a company focused on the production and commercialization of biostimulants, whose function is to stimulate natural processes to enhance nutrient uptake, nutrient efficiency, tolerance to abiotic stress, and crop quality in full respect of sustainable agriculture values and practices. Biolchim was founded in 1973 and is based in Bologna, Italy.

Sell -
Mergr

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